What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
Senator · Senate District 57
No co-sponsors yet.
History
- Referred to housing
- Delivered to assembly
- Passed senateVote 59–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.715
- Reported and committed to finance
- Referred to housing, construction and community development
- Returned to senate
- Died in assembly
- Referred to housing
- Delivered to assembly
Show 5 earlier actions
- Passed senateVote 62–0
- Ordered to third reading cal.1200
- Committee discharged and committed to rules
- Reported and committed to finance
- Referred to housing, construction and community development
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Includes mixed residential and commercial property within the affordable home ownership program
In Assembly Committee · Housing · Sponsor Michael J. Fitzpatrick
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S755
Title of bill
An act to amend the private housing finance law, in relation to including mixed residential and commercial property within the provisions of the affordable home ownership development program
Purpose
To authorize the Affordable Housing Corporation to fund the construction or rehabilitation of housing that also contains a commercial retailing business.
Summary of provisions
This bill amends the definition of "home" contained in Section 1111 (1) of the Private Housing Finance Law to authorize the Affordable Housing Corporation to provide funds for the construction or rehabilitation of one- to four-family dwellings which have at least one owner occupant and which may contain an area utilized for commercial retailing business.
Justification
Currently, the Affordable Home Ownership Development Program provides eligible applicants funds for the construction or rehabilitation of one- to four-family owner occupied housing. The program, though, makes no provision for funding of residential dwellings that contain ground level retail stores with the store owner living in another housing unit within the building. By authorizing this type of housing development, the State would be encouraging home ownership opportunities with entrepreneurial activities. This type of program could have an especially vital impact in blighted areas because it would help revitalize neighborhoods from both a housing and an economic growth perspective.
Legislative history
2009-2010: S.1096/A.4283 Referred to Housing, Construction & Community Development 2007-2008: S.359/A.4026 Referred to Housing, Construction & Community Development 2006: S.6244/A.9585 Reported to 3rd Reading Calendar 2005: A.704/S.6244 Referred to Housing 2003-2004: A.4509 Referred to Housing
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.